Trade

Globalization-related issues.

The Worst Innovation Mercantilist Policies of 2014

December 8, 2014
| Reports

Innovation is a central driver of growth. As a result, an increasing number of countries are seeking to become innovation leaders. Unfortunately, the methods that many choose are grounded in “innovation mercantilism”: a strategy that sees technology-based exports as the key to success while relying on distortive and protectionist tactics to achieve that goal. These practices do not just damage other economies; they damage the entire global innovation system, leading to less innovation and productivity. Moreover, they often do not even help the countries embracing the practices, instead, mercantilist policies lead them to neglect the greater opportunity to spur growth by raising the productivity of all sectors of their economies, not just a few high-tech ones.

The Eight Worst Mercantilist Policies in 2014 Are:

  • China: Abused its anti-monopoly law by instigating capricious investigations against foreign multinationals in order to protect domestic firms.
  • China: Threatened the long-term viability of the global solar industry through massive and unfair subsidies to Chinese-owned solar companies.
  • India: Issued a patent rejection for the cancer drug Abraxane.
  • India: Introduced new telecommunications equipment tariffs.
  • Indonesia: Prepared legislation that requires foreign Internet companies to store user data locally.
  • Nigeria: Proposed “Guidelines for Local ICT Content Development.”
  • Russia: Implemented localization requirements on Internet service companies.
  • Spain: Passed legislation taxing Internet news aggregators for publishing snippets of articles in search results.

South China Morning Post

South China Morning Post
Expanding the ITA would remove tariffs on about $1 trillion (sales) in information and communications technology products.

How to Craft an Innovation Maximizing T-TIP Agreement

December 2, 2014
| Presentations

At this conference sponsored by the Trans-Atlantic Business Council, Michelle Wein participated in the panel Regional Impact: International Trade, Europe & TTIP. This included a review of ITIF’s recent report How to Craft an Innovation Maximizing T-TIP Agreement.

China's Two-Step on Tech Trade

US News and World Report
China is trying to exclude foreign business to benefit its growing tech industry.

The Trade Facilitation Agreement (TFA) will cut trade costs by almost 14.5 percent for low-income countries.

The Trade Facilitation Agreement (TFA) will cut trade costs by almost 14.5 percent for low-income countries, 15.5 percent for lower middle-income countries, 13.2 percent for upper middle-income countries, and 10 percent for high-income countries, and increase global GDP by almost $1 trillion. Read more »

The Problems and Promise of Global Clean Tech Trade

Landmark Trade Deal at Risk without Strong Intellectual Property Laws

November 14, 2014
| Blogs & Op-eds

The ambitious goal of creating a next-generation trade agreement through the completion of the Trans-Pacific Partnership, which aligns America with 11 of its trading partners across the Pacific region, is at risk of failing if negotiators cave in to pressures to strip it of strong intellectual property protections.

ITA Expansion Agreement a Victory for Global Innovation Economy

November 14, 2014
| Blogs & Op-eds

Expansion of the tariff reducing Information Technology Agreement represents a significant victory for the innovation economy as well as businesses and consumers in participating nations. In fact, in the U.S. alone, the expansion could increase exports by $2.8 billion, boost revenues for ICT firms by $10 billion and support creation of approximately 60,000 new jobs.

U.S. Tech, Software Industry Cheers China IT Trade Deal Progress

Reuters
“It’s a win-win trade agreement that will benefit information and communications technology manufacturers and services firms across the Americas, Europe, and Asia,” says Stephen Ezell.
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